Many people don’t like having to deal with their creditors. It can be pretty rough trying to obtain debt relief on your own. This is the reason why debt relief programs exist. This kind of program has expert negotiators who will deal with the creditors on your behalf in exchange for a fee. How much you will be charged and how the payment plan works depends on the program.
You might be required to fund an account specifically designed for making payments on time every month after the professional successfully negotiates a plan with your creditors that will benefit both parties. You also won’t have to worry about getting harassed from debt collectors since the relief programs include protection from them.
Some people turn to these types of services because they have so many credit cards, medical bills, and other debts that they become disorganized and even lost. Before they know it, they miss a couple of payments or get behind and the interest rate and late fees start to spiral out of control. Getting involved in a debt management program will help you get back on track again.
Depending on your situation and the types of debts you owe, there might be a solution where you could get some of the late fees removed and the monthly bill lowered. There is also the possibility of a repayment plan where the overall total of what you owe will be brought down, if the negotiators are efficient enough at their jobs. And this is where you need to be careful, as there are obviously scams out there.
Debt Relief Programs With a Good Track Record
Look for a company that has a long track record of successfully negotiating settlements. They should an established history, as a company that has been around for a long time means that they are doing good things for their clients.
It’s always a positive sign if the program does not require you to pay any money upfront. How will they even know if they will be able to help you if they don’t first evaluate your circumstances? A free savings estimate / consultation is a must. The company should be straightforward about the types of debts they can help you with and the ones they cannot. For instance, mortgage payments are typically not included in legitimate debt relief programs.
The type of solution that is right for others might not be right for you. You might be eligible for a debt arbitration program, for instance. For others, debt consolidation is a better solution. Bankruptcy should only be considered as a last resort.
Ultimately, when it comes to debt relief programs, it’s companies like CuraDebt that are worth looking into. It’s a company with decades of experience and positive reviews. However, it is not available in all states.